Can I retire at age 40 with 597,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $597,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$49,300$48,861$48,432$48,014$47,606$45,990
2 years$24,406$23,951$23,511$23,084$22,669$21,058
3 years$16,109$15,652$15,213$14,790$14,382$12,825
4 years$11,961$11,506$11,071$10,655$10,258$8,767
5 years$9,473$9,021$8,592$8,184$7,798$6,378
6 years$7,815$7,366$6,943$6,545$6,170$4,822
7 years$6,631$6,186$5,770$5,381$5,018$3,741
8 years$5,744$5,303$4,893$4,514$4,163$2,957
9 years$5,054$4,617$4,215$3,845$3,506$2,369
10 years$4,502$4,070$3,674$3,314$2,987$1,917
11 years$4,051$3,623$3,235$2,885$2,569$1,564
12 years$3,676$3,252$2,871$2,530$2,226$1,284
13 years$3,358$2,939$2,565$2,234$1,941$1,060
14 years$3,086$2,671$2,305$1,983$1,702$878
15 years$2,851$2,440$2,081$1,768$1,498$730
16 years$2,645$2,239$1,887$1,583$1,324$608
17 years$2,463$2,062$1,717$1,423$1,174$508
18 years$2,302$1,905$1,567$1,282$1,044$425
19 years$2,158$1,766$1,435$1,158$931$356
20 years$2,029$1,641$1,317$1,049$831$299
21 years$1,912$1,528$1,211$952$744$251
22 years$1,806$1,427$1,116$866$667$211
23 years$1,709$1,334$1,031$788$598$178
24 years$1,621$1,250$953$719$538$150
25 years$1,539$1,173$883$657$484$126
26 years$1,464$1,103$819$601$436$106
27 years$1,395$1,038$760$550$393$89
28 years$1,331$978$707$504$355$75
29 years$1,271$922$658$462$320$64
30 years$1,215$871$613$424$289$54
31 years$1,163$824$571$389$262$45
32 years$1,115$779$533$358$237$38
33 years$1,069$738$498$329$214$32
34 years$1,026$699$465$303$194$27
35 years$986$663$435$279$176$23
36 years$948$630$407$257$159$19
37 years$912$598$381$236$144$16
38 years$879$568$356$218$131$14
39 years$847$540$334$201$119$12
40 years$816$514$313$185$108$10
41 years$787$489$293$171$98$8
42 years$760$466$275$158$89$7
43 years$734$444$258$146$80$6
44 years$709$423$242$135$73$5
45 years$686$404$228$124$66$4
46 years$663$385$214$115$60$4
47 years$642$368$201$106$55$3
48 years$621$351$189$98$50$3
49 years$602$335$177$91$45$2
50 years$583$320$167$84$41$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $597,000, adding $4,126 every year, while hoping to spend $22,930 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 35/44/21 Blend
39$597,000$597,000$597,000$597,000
40$662,150$630,509$621,255$680,970
41$705,292$637,007$617,670$701,673
42$752,066$643,054$613,196$721,583
43$802,818$648,605$607,780$742,596
44$857,929$653,610$601,364$764,822
45$917,818$658,018$593,890$788,388
46$982,946$661,771$585,296$813,431
47$1,053,819$664,810$575,516$840,104
48$1,130,996$667,073$564,483$868,581
49$1,215,090$668,492$552,125$899,050
50$1,306,776$668,995$538,369$931,724
51$1,406,799$668,508$523,135$966,836
52$1,515,976$666,948$506,344$1,004,649
53$1,635,208$664,231$487,909$1,045,451
54$1,765,486$660,266$467,741$1,089,564
55$1,907,903$654,956$445,748$1,137,344
56$2,063,660$648,200$421,831$1,189,187
57$2,234,080$639,888$395,890$1,245,530
58$2,420,622$629,908$367,817$1,306,861
59$2,624,888$618,136$337,502$1,373,717
60$2,848,646$604,445$304,828$1,446,696
61$3,093,842$588,697$269,674$1,526,459
62$3,362,619$570,748$231,913$1,613,739
63$3,657,338$550,446$191,414$1,709,346
64$3,980,597$527,629$148,037$1,814,179
65$4,335,261$502,125$101,638$1,929,232
66$4,724,482$473,754$52,068$2,055,605
67$5,151,735$442,324$0$2,194,516
68$5,620,847$407,632$0$2,347,498
69$6,136,032$369,466$0$2,528,318
70$6,701,935$327,597$0$2,726,982
71$7,323,672$281,788$0$2,945,354
72$8,006,876$231,786$0$3,185,489
73$8,757,757$177,323$0$3,449,659
74$9,583,155$118,119$0$3,740,372
75$10,490,605$53,875$0$4,060,396
76$11,488,409$0$0$4,412,788
77$12,585,713$0$0$4,808,536
78$13,792,595$0$0$5,272,588
79$15,120,158$0$0$5,783,142
80$16,580,635$0$0$6,344,914
81$18,187,505$0$0$6,963,101
82$19,955,618$0$0$7,643,430
83$21,901,337$0$0$8,392,210
84$24,042,693$0$0$9,216,395
85$26,399,551$0$0$10,123,643
86$28,993,801$0$0$11,122,397
87$31,849,560$0$0$12,221,958
88$34,993,407$0$0$13,432,573
89$38,454,625$0$0$14,765,537
90$42,265,481$0$0$16,233,292
91$46,461,532$0$0$17,849,551
92$51,081,957$0$0$19,629,423
93$56,169,927$0$0$21,589,557
94$61,773,015$0$0$23,748,300
95$67,943,642$0$0$26,125,868
96$74,739,570$0$0$28,744,538
97$82,224,452$0$0$31,628,858
98$90,468,428$0$0$34,805,878
99$99,548,787$0$0$38,305,407
100$109,550,699$0$0$42,160,292